NEW ORLEANS, March 09, 2018 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 8, 2018 to file lead plaintiff applications in a securities class action lawsuit against Wageworks, Inc. (NYSE:WAGE), if they purchased the Company’s securities between May 6, 2016 and March 1, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of California.

What You May Do

If you purchased securities of Wageworks and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-wage/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 8, 2018.

About the Lawsuit

Wageworks and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) there were material weaknesses in the Company’s internal controls; (ii) the Company failed to effectively account for managing change and assessing risk for certain transactions dating back to the beginning of 2016; (iii) the Company’s financial statements contained errors and were not reliable; and (iv) as a result of the foregoing, Wageworks’ financial statements were materially false and misleading at all relevant times.

About Kahn Swick & Foti, LLC

KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.